Please do not give solution in image format thanku A firm has to decide which one of the three locations is the best to open a new branch. The profitability of each location is affected by theeconomic conditions and the economic conditions may go up, remain stable or go down with different probabilities. The decision problemfaced by the firm is presented in the form of a payoff table as shown below:ofStable (0.3)$2$30,000$55,000$55,000Decision AlternativesLocation ALocation BLocation Cd 1d2d3StatesUp (0.5)$ 1$100,000$80,000$55,000NatureDown (0.2)$ 3$0O A. Choose location BB. Choose location CC. Choose location AO D. Choose either location A or location CO E. Choose either location B or location C$25,000$55,000What is the appropriate decision if a minimax regret approach is used?

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Answered: What is the appropriate decision if a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Please do not give solution in image format thanku Identify specific industries you have worked in during your career. If you have not yet held a job, list a position you would like to hold in an industry that is attractive to you, and answer the questions in 350 words about that job and industry. describe problems, pinpoint, or opportunities you have seen in these industries that could be addressed in a new business? Identify three other industries you are familiar with that are related to the industries you have worked in? identify five products, service, or problems you are most familiar with due to frequent use and ongoing interaction in these market places? which of the products, services, or problems listed in the question above could best be addressed in a new business? Describe at least one potential business idea from your list above? Select two business opportunities, problems, or pain points from above access which one you are most qualified to address based on your current…
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